According to historians and economists leasing transactions were, in ancient Sumer, and the state date back to around 2000 BC. er. Thus, the clay tablets found in the Sumerian city of Ur, contain information about the lease of agricultural implements, land, water sources, cattle, and other animals.
Historians have also argued that Aristotle referred to the idea of leasing in the treatise “Wealth is in use, not ownership,” written around 350 BC English author T. Clark argues that the lease had been known long before Aristotle lived: he finds several provisions of the lease in the laws of Hammurabi, taken around 1760 BC The Roman Empire also has not remained aloof from the problems of leasing – they are reflected in the institutions of Justinian.
